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Tag: CHICKEN FROM BRAZIL

Following our new guidelines, we are pleased to offer our customers a new Safe Procedures and payment method for all poultry transactions.

This method makes it very easy for the customer, and at the same time we are required to perform in-depth and comprehensive checks to make sure that the buyer is the final buyer and that he has the financial capabilities to execute the transaction.

With the current method of payment, the buyer is required to open an SBLC, the seller’s bank issues B/L and shipping documents to Buyer’s Bank, after all verification Buyer issues payment. (100% at Sight)

Here’s the New Procedure:

PAYMENT TERMS:

FULL CONTRACT VALUED SBLC (Standard Bank Letter of Credit), valid for 12 months shall be issued within FIVE calendar days after the Supply Contract is signed by the both parties and the procedure to send the swift correspondence shall start within 3 (three) days accordingly.

By SGS or equivalent at loading port at the expense of the seller; all costs in the loading port are the Seller’s expense.

PROCEDURES:

Seller issues Full Corporate Offer (FCO). Buyer reviews, signs and seals FCO and sends it by email to the seller with Proof of Funds (POF RWA or BCL directly to the seller for the twelve-month contract value. Seller will verify POF.

LOI MUST BE ON END BUYER’S LETTERHEAD ADDRESSED TO “MADNOX TRADE DESK”, WITH FULL CONTACT DETAILS, AND MUST INCLUDE THE ABOVE PROCEDURES. PLEASE NOTE, THAT AS OF TODAY, WE DO NOT DEVIATE FROM OUR PROCEDURES. OUR PROCEDURES ARE THE SAFEST ON THE MARKET, 100% AT SIGHT, UNTIL ALL SHIPPING DOCUMENTS ARE SENT BANK TO BANK, DOCUMENTS ARE VERIFIED AND PAYMENT IS MADE BY TT.